Tag Archives: books

Only two extra steps to make your Power Purchase Agreement a GreenPower®-accredited PPA

At the GreenPower® forum last week, the new GreenPower® Guide for Businesses was launched, which was developed by 100% Renewables for the National GreenPower® Accreditation Scheme. The forum brings together the GreenPower® administrators, retailers, network providers, businesses purchasing renewables and other relevant stakeholders.

Barbara Albert from 100% Renewables and Raj Mahanama, Senior Project Officer at DPE

One of the items that were workshopped was the uptake of Power Purchase Agreements in the business community. Corporate PPAs are becoming more common in Australia due to organisations wanting to manage their exposure to volatile electricity and LGC prices and ambitious renewable energy and carbon commitments. PPAs can be for LGCs (or power) only, or for both LGCs and renewable electricity, which is called a ‘bundled’ agreement.

It is a little-known fact that most PPAs can be made GreenPower® accredited, just by undertaking a few extra steps. Firstly, the generator has to be (or become) a GreenPower® generator. To become a GreenPower® generator, the renewable energy plant must be accepted in the community, and waste-to-energy plants, renewable energy generation from native forest waste and large-scale hydro projects that negatively impact the environment are excluded.

Secondly, the GreenPower® LGCs coming from the generator have to be retired through a retailer. Your organisation cannot retire the LGCs yourself, as the two-tier auditing process of the GreenPower® program only extends to generators and retailers, not to businesses buying GreenPower®.

There is still a lot of uncertainty about the value of LGCs under the National Energy Guarantee (NEG), as well as how emissions reductions are treated. One thing that has been flagged is that GreenPower® purchases will not be double counted for meeting an emissions target under the NEG, meaning that they will be additional. This is great for your organisation if you want extra assurance that your efforts are creating more renewable energy than would otherwise have been developed in Australia. Being accredited under GreenPower® also gives your organisation assurance of both the renewable energy generation as well as the retirement of the LGCs, which results in a high amount of credibility.

Let’s take the example of a bundled PPA. Under a bundled PPA, your business purchases both the GreenPower® LGCs, as well as the power from a renewable energy project. There are two options for your business to enter into a GreenPower®-bundled PPA. The first option is to use your retailer to facilitate the PPA. This option is usually called a ‘sleeved PPA’ and is graphically displayed below.

The second option is to enter into a direct PPA with the renewable energy generator, which is usually called a ‘virtual’ or ‘finance’ PPA. In both instances, the renewable energy generator needs to be accredited under the GreenPower program.

The following graphic has been taken from the GreenPower® Guide for Businesses and shows a bundled sleeved GreenPower® PPA.

Image Credit: GreenPower® for Businesses Guide, bundled sleeved GreenPower PPA

So why not make your Power Purchase Agreement a GreenPower® accredited one? For more information or to obtain a copy of the GreenPower for Businesses Guide please contact the National GreenPower Accreditation Scheme via greenpower.admin@planning.nsw.gov.au.

100% Renewables helps large energy users with transitioning to renewables. If you need help with purchasing renewable energy, please contact Barbara or Patrick.

Feel free to use an excerpt of this blog on your own site, newsletter, blog, etc. Just send us a copy or link and include the following text at the end of the excerpt: “This content is reprinted from 100% Renewables Pty Ltd’s blog.

Book trailer ‘Energy Unlimited’

If, as a society, we are to meet the Climate Agreement that was signed in Paris in 2015, we need to reach zero net emissions by the second half of this century.

Organisations will play a big part in reaching this milestone. As part of their sustainability commitments and to combat rising electricity prices, organisations have steadily implemented energy efficiency measures. However, it is only in the last few years that renewables have come down in price sufficiently to compete against fossil fuels. The time is now to commit to 100% renewable energy or zero net emissions and to start planning for the transition.

At 100% Renewables, we have helped organisations since 2014 with their journey to a renewable energy future. We want to share our knowledge with the world, so that more organisations can feel confident in making the switch. We packed everything we know into a book, which details the four-step-method on how organisations can transition to a renewable energy future.
To learn more about the book, please watch our two-minute trailer.

You can get a copy of the book from reputable book stores, or get an author-signed copy by filling in our order form at: https://100percentrenewables.com.au/order-energy-unlimited/

In our book, you will learn about:

  • Drivers for renewable energy targets
  • Renewable energy technologies
  • How to improve your energy efficiency so you spend less on energy
  • How to analyse your energy situation
  • How to evaluate energy efficiency and renewable energy opportunities
  • Renewable energy certificates (RECs) and how they relate to renewable energy targets
  • The difference of behind-the-meter and in-front-of-the-meter renewable energy installations and why this matters
  • How to develop long term sustainable energy plans
  • How you can finance and deliver energy projects
  • How to engage your stakeholders so you can get your projects approved
  • How to manage organisational change
  • How to manage your energy project risks